IOC may not sell ONGC stake soon

Oil Corp may not sell its stake in Oil and Natural Gas Corp by March as originally planned.
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Updated on Feb 21, 2006 01:36 PM IST
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None | ByReuters, New Delhi

State-run Indian Oil Corp may not sell its stake in Oil and Natural Gas Corp by March as originally planned, the company's chairman Sarthak Behuria told reporters on Tuesday.

He said the decision would depend on the extent of the subsidy the company gets, bonds issued by the government and market conditions.

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